Exhibit 10.26
(Summary Translation)
LOAN REPAYMENT CONFIRMATION AGREEMENT
This Agreement is made by and between Jiangxi LDK Solar Hi-Tech Co., Ltd.
(hereinafter referred to as "Party A") and Xx. Xxxxxxxx Xxxx (hereinafter
referred to as "Party B").
WHEREAS,
1. Party B has an outstanding loan in the aggregate principal amount of Rmb
200 million made to Party A pursuant to a loan agreement with Party A
(hereinafter referred to as the "Loan Agreement"); and
2. Party B designated Xinyu City Xxxxx Xxxx Construction Investment
Corporation (hereinafter referred to as the "Company") as the recipient of
the repayment in the aggregate amount of Xxx 00 million by Party A under
the Loan Agreement on March 29, 2006.
NOW, THEREFORE, Party A and Party B, subject to the terms and conditions set
forth herein, agree as follows:
1. Party A and Party B hereby acknowledge the following facts: Party B
designated the Company on March 29, 2006 as the recipient of the repayment
in the aggregate amount of Xxx 00 million by Party A under the Loan
Agreement (hereinafter referred to as the "Assigned Principal"), and the
repayment of Xxx 00 million did not include interest accrued with respect
to the Assigned Principal pursuant to the Loan Agreement (hereinafter
referred to as the "Interest").
2. Party B hereby confirms that Party A repaid the Assigned Principal to the
Company on March 29, 2006 in conformance with Article 1 of this Agreement
and that Party A shall be deemed to have fulfilled its obligation under the
Loan Agreement to repay the principal amount of Xxx 00 million to Party B.
3. Party A and Party B hereby confirm that, except for the Interest accrued
with respect to the Assigned Principal, the rights and obligations of Party
B and Party A associated with the repayment of the aggregate loan amount of
Xxx 00 million under the Loan Agreement shall have ceased to exist since
March 29, 2006.
4. Neither party may modify this Agreement without the consent of the other
party.
5. Any supplement to this Agreement to deal with matters not explicitly
provided herein shall be subject to the consent of all the parties hereto.
6. This Agreement shall become effective upon signing by the respective
authorized representatives and fixing hereunto of corporate chops by the
respective parties.
7. This Agreement is made in two original copies, and each party shall keep
one copy hereof.
PARTY A
Jiangxi LDK Solar Hi-Tech Co., Ltd. (sealed)
PARTY B
/s/ Xxxxxxxx Xxxx
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Xxxxxxxx Xxxx
Date: April 8, 2006
